Global Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size

The global pedestrian-controlled tractor market expanded rapidly to $X in 2022, surging by 5.3% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Pedestrian-Controlled Tractor Production

In value terms, pedestrian-controlled tractor production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, production reached the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports

In 2022, approx. X units of pedestrian-controlled tractors were exported worldwide; growing by 6% compared with 2021. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, pedestrian-controlled tractor exports rose significantly to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 33%. The global exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) and China (X units) represented the key exporters of pedestrian-controlled tractors in 2022, resulting at approx. 35% and 33% of total exports, respectively. It was distantly followed by France (X units), comprising a 5.6% share of total exports. The following exporters - Belgium (X units), Russia (X units), Italy (X units), Belarus (X units), the UK (X units) and Denmark (X units) - together made up 13% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of +25.6%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, with a combined 50% share of global exports. France, Belgium, Denmark, the UK, Russia and Belarus lagged somewhat behind, together comprising a further 17%.

France, with a CAGR of +19.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2022, growing by 2.6% against the previous year. In general, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 11%. The global export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.3%), while the other global leaders experienced a decline in the export price figures.

Pedestrian-Controlled Tractor Imports

Imports

In 2022, the amount of pedestrian-controlled tractors imported worldwide soared to X units, growing by 22% compared with the year before. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.2% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pedestrian-controlled tractor imports amounted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 21%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

Russia represented the major importer of pedestrian-controlled tractors in the world, with the volume of imports finishing at X units, which was approx. 29% of total imports in 2022. Bangladesh (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (7.4%) and Romania (6%). The following importers - Ukraine (X units), the United States (X units), Canada (X units), Lao People's Democratic Republic (X units), Nigeria (X units), Ireland (X units), Poland (X units) and Lithuania (X units) - together made up 19% of total imports.

Imports into Russia increased at an average annual rate of +35.8% from 2012 to 2022. At the same time, Romania (+46.4%), Poland (+43.2%), Lao People's Democratic Republic (+36.4%), Ireland (+33.3%), Nigeria (+28.3%), the United States (+23.1%), Lithuania (+19.8%), Canada (+17.1%), Bangladesh (+14.0%) and Cambodia (+11.3%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +46.4% from 2012-2022. By contrast, Ukraine (-13.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Romania, Bangladesh, Cambodia, the United States, Lao People's Democratic Republic, Poland, Ireland, Nigeria and Canada increased by +26, +5.8, +5.5, +2.4, +2.1, +2.1, +1.9, +1.9, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Romania ($X) and Ireland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 25% of global imports. These countries were followed by Canada, Cambodia, Russia, Poland, the United States, Lao People's Democratic Republic, Ukraine, Nigeria and Lithuania, which together accounted for a further 29%.

Poland, with a CAGR of +39.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, dropping by -16.9% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 17%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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